Question: Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,737, accounts payable of $96,754, common stock

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,737, accounts payable of $96,754, common stock of $401,109, retained earnings of $501,277, inventory of $207,321, other assets equal to $77,189, net plant and equipment of $706,544, short-term notes payable of $30,000, and accounts receivable of $142,751.

Long-Term Debt?

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